| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $536M | $504M | $372M | 6.2% | 44.1% |
| Op. Income | -$24M | -$40M | -$46M | 40.0% | 47.4% |
| Gross Margin | 46.0% | 42.9% | 40.8% | 3.1pp | 5.2pp |
| Net Margin | -3.5% | -4.2% | -9.1% | 0.7pp | 5.6pp |
| EPS (Diluted) | $-0.18 | $-0.20 | $-0.33 | 10.0% | 45.5% |
| Free Cash Flow | -$51M | -$60M | -$66M | 15.2% | 23.4% |
| Item | Amount |
|---|---|
| REVENUE | $536M |
| Cost of Revenue | $289M |
| GROSS PROFIT | $246M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $271M |
| Other Expenses | $0 |
| Operating Expenses | $271M |
| Cost & Expenses | $560M |
| OPERATING INCOME | -$24M |
| Interest Income | $444.0K |
| Interest Expense | $0 |
| Other Income/Expenses | $839.0K |
| INCOME BEFORE TAX | -$23M |
| Income Tax Expense | -$5M |
| Net Income from Continuing Ops | -$19M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$19M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$19M |
| D&A | $8M |
| EBIT | -$24M |
| EBITDA | -$16M |
| EPS | -$0 |
| EPS Diluted | -$0 |
| Item | Amount |
|---|---|
| Net Income | -$19M |
| Depreciation & Amortization | $7M |
| Stock-Based Compensation | $29M |
| Deferred Income Tax | $2M |
| Other Non-Cash Items | -$2M |
| Change in Working Capital | -$58M |
| OPERATING CASH FLOW | -$41M |
| Capital Expenditure | -$10M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$36M |
| Sales/Maturities of Investments | $87M |
| Other Investing Activities | $51M |
| NET CASH FROM INVESTING | $41M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$18M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$16M |
| NET CASH FROM FINANCING | -$16M |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | -$15M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $125M |
| Short-Term Investments | $98M |
| Net Receivables | -$57M |
| Inventory | $216M |
| Other Current Assets | $57M |
| TOTAL CURRENT ASSETS | $495M |
| PP&E (Net) | $205M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $80M |
| Tax Assets | $0 |
| Other Non-Current Assets | $54M |
| TOTAL NON-CURRENT ASSETS | $338M |
| TOTAL ASSETS | $834M |
| Account Payables | $83M |
| Short-Term Debt | $26M |
| Deferred Revenue | $20M |
| Other Current Liabilities | $69M |
| TOTAL CURRENT LIABILITIES | $264M |
| Long-Term Debt | $128M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | -$116M |
| TOTAL NON-CURRENT LIABILITIES | $140M |
| TOTAL LIABILITIES | $404M |
| Common Stock | $2.0K |
| Additional Paid-In Capital | $407M |
| Retained Earnings | $19M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $3M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $429M |
| Minority Interest | $0 |
| TOTAL EQUITY | $429M |
| TOTAL LIABILITIES & EQUITY | $834M |
| Total Debt | $154M |
| Net Debt | $29M |
